Hogan Lovells assisted the shareholders of FLCP, the holding company of the Newen group, in connection with the signature of an agreement under which TF1 will acquire a 70% equity interest in FLCP. The existing shareholders, including the management team, retain a 30% equity interest.

Performance-related options, exercisable by both TF1 and the existing shareholders, are an integral part of this medium/long term partnership deal.

Founded in 2008, Newen is a major player in audiovisual production and distribution in France, present in fiction, magazine shows, light entertainment and animation. The main objective of this partnership is to develop French production in foreign markets, especially with major European broadcasters.

The Hogan Lovells team advising the shareholders of FLCP consisted of Stéphane Huten, partner, assisted by Arnaud Levasseur, senior associate and Andrea Segura, associate, from the corporate team and Bruno Knadjian, partner, for the tax aspects.